.

[derpinheimer]

i'm curious, if we do have another correction where would you place support?

[rampantparanoia]

i'm curious, if we do have another correction where would you place support?

net worth $260 million.... to da mooooon!!

[derpinheimer]

i'm curious, if we do have another correction where would you place support?

net worth $260 million.... to da mooooon!!

lmao 50 cent becomes a bitcoin entrepreneur

[adamstgBit]

i'm curious, if we do have another correction where would you place support?

I have published my calls for the next week here: https://bitcointalk.org/index.php?topic=295346.msg3194463#msg3194463

interesting, i don't see it quite that way, but we appear to be on the same page.

[Tzupy]

I doubt the support concept works here. The correction that happened yesterday had just 2 dumps, one small one large,
then a strong rebound due to thin asks. If a correction gets close to 125$ without further rolling the price imbalance, the price will stabilize there.
But that would be in contradiction with the EW theory, which says that the local bottom should be deeper than the one of the 7th.
So I placed my buy order just above 120$, but right now I'm not sure if it will drop that low.

[adamstgBit]

I doubt the support concept works here. The correction that happened yesterday had just 2 dumps, one small one large,
then a strong rebound due to thin asks. If a correction gets close to 125$ without further rolling the price imbalance, the price will stabilize there.
But that would be in contradiction with the EW theory, which says that the local bottom should be deeper than the one of the 7th.
So I placed my buy order just above 120$, but right now I'm not sure if it will drop that low.

I place support at 129. I think the resistance stoping price from moving up, will become support, when the reversal really does happen.

obvious bump in the road is obvious.

[Patel]

ETA 30 min

:yawn: @ 1 hour now.

thar she blows matey 125 --> 121

[derpinheimer]

ETA 30 min

:yawn: @ 1 hour now.

thar she blows matey 125 --> 121

that's not really panic

[adamstgBit]

ETA 30 min

:yawn: @ 1 hour now.

thar she blows matey 125 --> 121

that's not really panic

its a strategic sell at the top of the bottom 

[Adrian-x]

your persistence shakes my irrational confidence?

[ElectricMucus]

I've been thinking, if you match the trails to a multivariate distribution you might get a better result for the median.

[ElectricMucus]

Hmm, what about:

http://en.wikipedia.org/wiki/Multivariate_stable_distribution
These loosely scattered trails on the top right of the median seem like they might fit.

The thing with PDFs is unless you understand the process and know which one to use it's always guesswork, but it might be "close enough"...

[Patel]

I don't understand how chodpabas charts are predicting the future price...

Is it based on current trends? Because that doesn't take into account if we get big news, good news, bad news, bitcoin etf passes, huge headlines on mainstream media, gox pays out

Just one of those variables can change the whole perspective

[adamstgBit]

I don't understand how chodpabas charts are predicting the future price...

Is it based on current trends? Because that doesn't take into account if we get big news, good news, bad news, bitcoin etf passes, huge headlines on mainstream media, gox pays out

Just one of those variables can change the whole perspective

nothing can predict the future, this is an indicator based some kind of metric. its cool

[btcgoldsilver]

Almost time for a pop to the upside ..

[lebing]

Almost time for a pop to the upside ..

seems to look that way... we'll see i guess.

[Tzupy]

I hope that everyone is being so quiet because they are busy ramping up their understanding of statistical quantitative analysis.

Good one!

If the drop in the money flow persists for another 2 - 3 hours, we may have another price drop, possibly to 125$.

PS. So far, despite the low money flow, no price drop. Looks like the price will stabilize at 133$ for a while, or even a bit higher.

[Swordsoffreedom]

I hope that everyone is being so quiet because they are busy ramping up their understanding of statistical quantitative analysis.

True enough not sure what I am looking at now

[derpinheimer]

I hope that everyone is being so quiet because they are busy ramping up their understanding of statistical quantitative analysis.

True enough not sure what I am looking at now

It is intended to be an estimate for a projected intermediate trend reversal. The median value is my estimate of the 50th percentile outcome. That is, I think there is an equal probability that this will occur above, or below the price target, and either before or after the indicated date.

If in a month the price is anywhere from $50-$100 I'd definitely be extremely interested in learning more about this method

What might the percentile be for $50-$80, 9-23 thru 10-23? % chance that any time in the next 30 days the price goes into that range?

[Adrian-x]

The only reason time is important is investors/traders want to know whether to buy or sell now to benefit in the future.  At the end of the day time is an illusion albeit a practical one when engaging with others.